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Tunisia: Mazarine acquires rig for onshore drilling campaign

Mazarine Energy has signed a drilling contract with Compagnie Tunisienne de Forage (CTF) for the use of the CTF-4, a 2,000 horsepower onshore drilling rig, for a two-well drilling campaign in the Zaafrane permit in central Tunisia

The Cat-1 location has been surveyed, geotechnical evaluation of the site has been completed, and construction of the location has commenced

“The newly acquired 3D seismic looks highly promising with new prospects and leads identified,” said Edward van Kersbergen, Mazarine Energy executive chairman.

“We are excited to have signed the drilling contract. This puts us in place to start the exploration campaign as soon as January 2015.”

Mazarine Energy is operator of the Zaafrane permit and owns a 45 per cent interest. ETAP (Entreprise Tunisienne d’Activités Pétrolières) holds 50 per cent and Tunisian private company Medex 5 per cent.

The Zaafrane permit area spans an area of 5,168 square kilometers within a historically prolific oil and gas producing region.

The spud date of the first well, Cat-1, is anticipated in late January 2015.


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